State Finance Minister Ranjith Siyambalapitiya said yesterday that the government is prepared to reassess the inclusion of 97 out of the 138 items slated for the application of Value-Added Tax (VAT) starting January 1, 2024.

An exclusive media launch was held yesterday to unveil the transformed Snow World at Excel World in time for this Christmas season. Snow World stands out as the sole venue in Sri Lanka, offering a snowflake-filled encounter brimming with frosty festi

Lenovo, the global technology powerhouse, announced the opening of the first-of-a-kind experience store in Sri Lanka, marking a significant milestone in the company’s presence in the region. This announcement

The Sri Lanka Gem and Jewellery Association (SLGJA), the apex body for the country’s gem and jewellery industry, was established in October 2002, by uniting the Sri Lanka Gem Traders Association, Sri Lanka Jewellery Manufacturing Expo

Sri Lanka’s leading corporate training organisation Ultimma Training completed 10 successful years in the corporate training sector recently. Ultimma Training is

Port City Colombo is preparing for an enchanting evening of music and joy, as the De Lanerolle Brothers join forces with the National Unity Orchestra for a captivating performance on December 11, 2023, at Port City Colombo.

Rehan Anthonis, Director of People Operations at Sysco LABS, the global in-house centre for Sysco, the world’s largest foodservice company, was invited to share his insights at the prestigious Society for Human Resource Management (S

Recognising the importance of enhancing quality of life by empowering individuals to simplify and expedite everyday tasks, Duthaya, a pioneering personal assistance app, is providing a range of convenient services to customers.

IronOne Technologies’ flagship stock trading platform ATrad marked a historic milestone with the launch of Sri Lanka’s first international cloud-hosted stock trading and brokering platform. The event titled ‘B

HNB Assurance PLC brought together its staff from across the country for its highly anticipated Annual Staff Conference. The event, wh

After an illustrious seven-year tenure at Softlogic Life, trailblazing marketing professional Kavi Rajapaksha bids a fond farewell, marking the end of an era in the company’s vibrant history. Rajapaksha’s depa

As the festive season approaches, SampathCards has announced an array of exciting discounts and benefits, in line with

Arpico Insurance PLC, one of the most innovative and trusted life insurance providers in the country and a fully-owned subsidia

In a significant step towards a more sustainable future, Amana Bank PLC and Singer PLC have teamed up for a greener future, to make solar power accessible and affordable for everyone. Through this part

Cargills Bank announced its initial public offering (IPO) to raise Rs.500 million of Tier 1 capital, through the issuance of 62.5

BBC: Italy will pull out of China’s flagship Belt and Road Initiative (BRI), the government has confirmed. Prime Minister Giorgia Meloni’s administration notified Beijing that it would cease participating in the BRI ahead of a deadline a

Manufacturers of fabric and accessories in Sri Lanka’s apparel industry have highlighted the importance of vertical integration to reduce lead time and the need for government policy support to reduce the industry’s operational costs, largely

The luxury cruise ship M.V. Marella Discovery 2, operated by Marella Cruises and carrying 1,800 passengers along with 755 crew

Three of Sri Lanka’s leading commercial banks—Commercial Bank, Hatton National Bank (HNB), and Sampath Bank have been issued an Authorized Persons (AP) license by the Colombo Port City Economic Commission (CPCEC).

Sri Lanka’s listed corporates seem to have emerged from the earnings recession that affected the stock market over several quarters, and analysts anticipate a modest rebound starting from the current quarter, potentially bolstering stock indices by

President Ranil Wickremesinghe has advocated for a systematic property valuation cycle, to enhance Sri Lanka’s tax system, proposing assessments to be conducted every five years. He expressed this stance during the centenary celebration of the Gov

Sri Lanka and India have agreed to conclude the technical level discussions of the Economic and Technology Co-operative Agreement (ETCA) by March, next year, Cabinet Spokesperson Minister Bandula Gunawardana said. Sri Lanka and India have held 12 rou

The Project Management and Supervision Department at the General Treasury has initiated preliminary efforts for the implementation of the National Evaluation Policy within the state sector, starting from next year. Recognising the need for an institu

By Shabiya Ali Ahlam The recently introduced Minimum Room Rate (MRR), which has the tourism industry divided, will be taken up at the Supreme Court today, Mirror Business learns. Two separate cases have been filed at the Supreme Court, challenging t

The Central Bank successfully raised a mammoth Rs.185 billion through the sale of Treasury bills yesterday, marking one of the largest auctions in recent memory. The yields fell across all three maturities, underscoring the ongoing trend of easing i

Sri Lanka is poised to secure a US $ 150 million loan from the World Bank, to enhance the resilience of the country’s financial sector. This week, the Cabinet of Ministers granted approval to the president, who also serves as the finance minister,

The Research Intelligence Unit (RIUNIT) has released a comprehensive report shedding light on the current state of the Sri Lankan Travel and Tourism sector. Despite the challenges posed by the global COVID-19 pandemic and subsequent economic crises,

Hiran Cooray was honoured with the Lifetime Achievement Award at the 58th Annual General Meeting of The Hotels Association of Sri Lanka (THASL). The award, presented by President Ranil Wickremesinghe and President of THASL M. Shanthi Kumar, celebrat

The cluster of three properties in Sri Lanka under the Radisson and Radisson Blu brands located in Colombo, Kandy, and Galle commemorated an important milestone - celebrating a successful year of operations in the country. Property owners Sino Lanka

New Media Solutions recently won a Bronze Effie in the Insurance Category for its outstanding work with Softlogic Life, Sri Lanka’s second largest life insurer. The accolade honours New Media Solutions’ creative and strategic excellence in bring